As per regulation 30 update on the Grant of Options to Employees under Syschem ESOS Scheme_2024
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Syschem India has granted 10,00,000 stock options to nine eligible employees under its Employee Stock Option Scheme 2024, after receiving BSE in-principle approval on 9 June 2025. The Nomination and Remuneration Committee approved the grant at its meeting on 11 June 2025 at an exercise price of INR 10 per option, with each option convertible into one equity share. The largest grants went to CFO Sanjeev Agrawal (3,75,000 options), VP Production Sanjay Singh (2,50,000), and Unit Head Satyender Pal Singh (2,00,000). The vesting period and criteria will be as determined by the NRC per the scheme's terms. This is a routine ESOP allotment disclosure under SEBI LODR Regulation 30.
The grant may lead to mild dilution of existing shareholders once options are exercised, but at INR 10 per share it signals management confidence in the company's future valuation. No immediate material impact on stock price is expected from this routine employee compensation event.